Crypto News

Crenshaw has publicly condemned the recent guidance that allows meme coins to bypass securities laws. In a strongly worded statement, Crenshaw warns that this move could potentially harm investors and undermine the integrity of the market. SEC Guidance Allows for Meme Coins to Avoid Regulations The SEC's Division of Corporation Finance recently released a new guidance that allows for certain digital assets, including meme coins, to be exempt from securities laws. This means that these coins can be freely traded without having to register with the SEC or provide investors with the necessary disclosures and protections. Commissioner Crenshaw Calls Out Market Manipulation In her statement, Commissioner Crenshaw addresses the potential for market manipulation with meme coins, stating that "any digital asset with a market value is capable of being used to manipulate the market." She also points out that the lack of transparency and ov...

What are Meme Coins? Meme coins, also known as "joke coins" or "fun coins," are cryptocurrencies that are created as a joke or for entertainment purposes. They often have no real-world use or value and are solely based on internet memes or trends. Some popular meme coins include Dogecoin (DOGE), Shiba Inu (SHIB), and Hoge Finance (HOGE). Why are Meme Coins Trending? Meme coins have gained popularity in recent years due to their viral nature and their association with popular internet memes. The rise of social media platforms such as Reddit and Twitter has also contributed to the surge in meme coin popularity. In addition, the low barrier to entry for creating these coins has made them attractive to amateur investors and speculators. The SEC's Stance on Meme Coins In its statement, the SEC clarified that meme coins typically do not meet the definition of securities under federal law. This means that these coins do not...